Trask v. Jacksonville, Pensacola & Mobile R. Co. - 124 U.S. 515 (1888)
U.S. Supreme Court
Trask v. Jacksonville, Pensacola & Mobile R. Co., 124 U.S. 515 (1888)
Trask v. Jacksonville, Pensacola and Mobile Railroad Company
Argued January 5-6, 1888
Decided February 6, 1888
124 U.S. 515
On the proof in this case, the Court holds that Coddington, from whom appellant bought the bonds which form the subject matter of the suit, took them with knowledge of such facts as would prevent him from acquiring any title by purchase which he could enforce as a bona fide holder against the Florida Central Railroad Company, one of the appellees herein, and that appellant as purchaser of the bonds occupies no better position than Coddington.
Bill in equity to collect of the railroad companies, defendants, certain bonds of the State of Florida, described in the opinion of the Court, which are conceded to be invalid as
against the state. Decree dismissing the bill. Complainant appealed. The case is stated in the opinion of the Court.